IPO Journey
Legence Corp.
IPO Date: April 8, 2026 · 8 filings tracked
Final Offer Terms
Ticker
LGN
Exchange
The Nasdaq Stock Market LLC
Offer Price
$54.00
Shares Offered
13,386,185
Estimated Proceeds
$722.9M
Expected Listing
April 09, 2026
Underwriters
Led by Goldman Sachs & Co. LLC, Jefferies
BofA SecuritiesMorgan StanleyBMO Capital MarketsMUFGRBC Capital MarketsSociete GeneraleBarclaysCantorGuggenheim SecuritiesWolfe | Nomura AllianceBTIGRoth Capital PartnersRothschild & CoSantanderStifelBlackstone Capital MarketsTigress Financial PartnersC.L. King & AssociatesDrexel HamiltonIndependence Point SecuritiesLoop Capital MarketsPenserra Securities LLC
Filing Timeline
1
S-1
August 15, 2025
- Strategic 'picks and shovels' play for the AI and data center boom
- Strong recurring revenue model via long-term maintenance and 'Energy-as-a-Service' contracts
2
S-1/A
August 25, 2025
- Strategic partner for over 60% of the Nasdaq-100, supporting critical AI and data center infrastructure.
- Strong revenue visibility provided by a $2.8 billion backlog of contracted future work.
Changes from previous filing
- ▸ Underwriters: Goldman Sachs & Co. LLC, Jefferies, BofA Securities, Barclays, Morgan Stanley, RBC Capital Markets, Societe Generale, BMO Capital Markets, Cantor, Guggenheim Securities, Wolfe | Nomura Alliance, MUFG, Roth Capital Partners, Santander, Stifel, TD Cowen, BTIG, Rothschild & Co, Blackstone Capital Markets
3
S-1/A
September 2, 2025
- Strategic exposure to the AI boom with 40% of project backlog dedicated to data center cooling infrastructure.
- Proven 'buy-and-build' strategy having successfully integrated 20 firms since 2020.
Changes from previous filing
- ▸ Expected offer range: $25.0 – $29.0 per share
- ▸ Shares offered: 26,000,000
- ▸ Estimated proceeds: $650M
- ▸ Underwriters: Goldman Sachs & Co. LLC, Jefferies, BofA Securities, Barclays, Morgan Stanley, RBC Capital Markets, SOCIETE GENERALE, BMO Capital Markets, Cantor, Guggenheim Securities, Wolfe | Nomura Alliance, MUFG, Roth Capital Partners, Santander, Stifel, TD Cowen, BTIG, Rothschild & Co, Blackstone Capital Markets, Drexel Hamilton, Loop Capital Markets, Penserra Securities LLC, Tigress Financial Partners, C.L. King & Associates, Independence Point Securities
4
424B4
Material Update
September 15, 2025
- Strategic positioning in the high-growth AI and data center infrastructure market.
- One-stop-shop model for mechanical, electrical, and plumbing systems in mission-critical facilities.
Changes from previous filing
- ▸ Price range removed
- ▸ Final offer price: $28.0 per share
- ▸ Estimated proceeds: $728M
5
S-1
December 9, 2025
- Specialized infrastructure partner for high-growth sectors like AI data centers, healthcare, and research labs.
- Significant market reach with a client base including over 60% of Nasdaq-100 companies.
Changes from previous filing
- ▸ Exchange: The Nasdaq Stock Market LLC
- ▸ Shares offered: 7,000,000
- ▸ Underwriters: Goldman Sachs & Co. LLC, Jefferies, Blackstone Capital Markets
6
424B4
Material Update
December 15, 2025
- Critical infrastructure partner for high-growth sectors like AI data centers and semiconductor manufacturing.
- Diversified revenue streams through a mix of design, installation, and long-term maintenance services.
Changes from previous filing
- ▸ Final offer price: $45.0 per share
- ▸ Shares offered: 8,402,178
- ▸ Estimated proceeds: $378M
- ▸ Underwriters: Goldman Sachs & Co. LLC, Jefferies, Morgan Stanley, BofA Securities, Barclays, BMO Capital Markets, MUFG, RBC Capital Markets, SOCIETE GENERALE, Cantor, Guggenheim Securities, Wolfe | Nomura Alliance, BTIG, Roth Capital Partners, Rothschild & Co, Santander, Stifel, Blackstone Capital Markets, Tigress Financial Partners, C.L. King & Associates, Drexel Hamilton, Independence Point Securities, Loop Capital Markets, Penserra Securities LLC
7
S-1
April 6, 2026
- Strategic partner for the AI and data center infrastructure boom
- Rapid revenue growth from $1.6B in 2023 to $2.55B in 2025
Changes from previous filing
- ▸ Shares offered: 11,000,000
- ▸ Underwriters: Goldman Sachs & Co. LLC, Jefferies, BofA Securities, Blackstone Capital Markets
424B4
Final Pricing
April 8, 2026
- Expert in building efficiency for high-demand sectors like data centers and healthcare
- Integrated service model combining engineering, technology, and construction in-house
Changes from previous filing
- ▸ Final offer price: $54.0 per share
- ▸ Shares offered: 13,386,185
- ▸ Estimated proceeds: $722M
- ▸ Underwriters: Goldman Sachs & Co. LLC, Jefferies, BofA Securities, Morgan Stanley, BMO Capital Markets, MUFG, RBC Capital Markets, Societe Generale, Barclays, Cantor, Guggenheim Securities, Wolfe | Nomura Alliance, BTIG, Roth Capital Partners, Rothschild & Co, Santander, Stifel, Blackstone Capital Markets, Tigress Financial Partners, C.L. King & Associates, Drexel Hamilton, Independence Point Securities, Loop Capital Markets, Penserra Securities LLC
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